Comments by "Greg Greg" (@SlowhandGreg) on "Trump puts climate change denier in charge of America's energy | LBC analysis" video.

Your energy bills will reduce in real terms the more renewables we have on the grid simply because wind and the sun aren't affected by inflation, extraction processing and transport costs + The cost of the infrastructure is still falling in real terms + Energy providers are embracing new tech to enable consumers to time shift demand onto cheaper off peak tariffs
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Each year the US disaster relief budget goes up way more than inflation
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They can't escape economics Every year fossil gets more expensive as it's subject to higher and higher extraction costs, processing costs and transportation costs The capital cost of renewables is still falling in real terms and the input energy as in wind and the sun are free and not subject to inflation Just had a solar and battery system installed it will pay back capital costs in 6 years, reason the battery and it's cost has plummeted in the last few years
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@markabrahams2191 Octopus are getting round it by offering peak rates for people with batteries to export between 4-7pm as well as a standard Feed in Tariff + cheap overnight but you need to have invested. I have solar + Battery + solar diverter for hot water, capital payback is 6 years. Why can't the grid do that?
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@timthetiny7538 It gets more expensive to extract with each passing year making it uneconomical. We passed that point in 2020 it's just our grid and infrastructure needs to transition.
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It won't happen as you think. Currently US oil is at around $70 a barrel the break even point is $65 it's pointless extracting more they will sit on the leases + Every year renewable energy gets cheaper in comparison as capital costs fall while Oil and gas are subject to rising costs + inflation
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There was a government paper in 2023, if you don't do it it will cost more than waiting because we need to upgrade the grid infrastructure anyway and by sticking with gas your ballooning your operating costs. At the end of the day renewable energy is the cheapest on the grid + it's input energy cost is zero Gas is subject to extraction, processing & transport costs times inflation
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@MinkieWinkle It's got nothing to do with the solar and everything to do with the batteries and the diverter for hot water I can timeshift and open up special tariffs with my supplier including ultra low overnight tariff. All the flexible tariffs are below what I was paying + I'm saving on GAS for heating water. Hence 6 years without them it's 15+
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@MinkieWinkle Let me elaborate further In 2023/24 the cost of domestic batteries fell by 20%. The Government this year Zero Vat rated battery packs as part of a domestic install. I was just as surprised as you were at the estimates a few months in and even with minimal sun it looks like the estimates from the solar company were reasonably accurate
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@MinkieWinkle Goldman Sachs Electric vehicle battery prices are expected to fall almost 50% by 2026 quote Sodium ion cells, produced at scale, could be 20% to 30% cheaper than lithium ferro/iron-phosphate (LFP), the dominant stationary storage. My Battery cost 1500 + install my tariff went from 24p to 13p overnight 21p during the day and 34p from 4-7pm My total install cost £7500 including 4.2 kwh of panels, 5.2 kwh battery + inverter You can easily set up a spreadsheet and work out
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@PaulStargasm Renewable energy is cheaper by a long way we just haven't invested in upgrading the grid to take advantage of it
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They will not they will sit on the leases reason US oil is $70 a barrel and the break even point currently is $65 a barrel
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Renewable energy is the cheapest on the grid both here and in the US has been since 2020 It's about rolling out next gen infrastructure to support it, even the Neanderthals in the GOP can't stop it
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Make America Garbage Again - how quaint You can't escape the economic reality that renewable energy is cheaper those states embracing it will have a huge competitive advantage of cheap energy Will the sh1th0le red states just keep sponging forevermore?
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@HarryNottings This deluded liberal has already invested in insulation upgrades + solar and a battery, fk em let them freeze and leave this mortal coil from heatstroke
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@simondavies2262 They've been pumping billions into right wing politics to try derail net zero including in this country It breaks their business model if a country has control of it's own energy ex 40% of world shipping is dedicated to moving fossil around
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The US is a federal system of 50 states each has it's own economy The most deprived states in the US are run by Republicans so no there in for a bit of a crash
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